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Michael Burry’s Bearish Bet on Palantir Sparks Market Turmoil

Michael Burry’s Bearish Bet on Palantir Sparks Market Turmoil

Author:

Global Cryptocurrency

Published:

2025-11-16 11:28:19

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Scion Asset Management's $912 million put position against Palantir—disclosed via regulatory filings—ignited a selloff in Big Tech stocks, despite the company's strong earnings report. The actual capital deployed totaled just $9.2 million, with Burry later hinting at closing the trade. Palantir CEO Alex Karp retaliated publicly, calling short sellers "super triggering" for challenging what he termed "the most important software company in America."

The drama escalated as Burry reportedly shuttered Scion Asset Management days later, leaving Karp to revel in his adversary's exit. The episode underscores mounting skepticism toward AI-driven valuations, though no direct cryptocurrency implications emerged from the showdown.

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